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U.S. Steel Crosses Above its 10-day MA (X)

By David Diaz

U.S. Steel (NYSE:X) crossed over its 10-day moving average of $19.05 on a volume of 5.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of U.S. Steel have traded between a low of $6.15 and a high of $27.09 and are now at $19.33, which is 214% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.5% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for U.S. Steel and will alert subscribers who have X in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses U.S. Steel

Ticker(s): X